GATX Corporation reports 2007 fourth quarter and full-year results

GATX Corporation reported 2007 fourth quarter and full-year results. In the 2007 fourth quarter, income from continuing operations was $41.4 million compared to $28.7 million in the fourth quarter of 2006. Income from continuing operations for the full-year 2007 was $185.8 million compared to $151.4 million per diluted share in the prior year.

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Hans Peter Ring hands over Airbus CFO responsibility to Harald Wilhelm

Hans Peter Ring, CFO of EADS, was assuming the additional role of CFO of Airbus since the 31 october 2006. This combined responsibility was brought about when it became apparent, in the context of the announcement of A380 delays, that integration between Airbus and EADS, its mother company, needed drastic improvement. As he announced last week at the Global Investors Forum, this integration of the finance function has been achieved. Hans Peter Ring will be refocusing his time and effort on his role as CFO of EADS. As of 1st February 2008, he will hand over the Airbus CFO responsibility Read more

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Goodrich EFB receives STC certification for Bombardier Global Express

Goodrich released that its Electronic Flight Bag (EFB) system has received Supplemental Type Certification (STC) from Transport Canada for the Bombardier Global Express family of aircraft. This includes the Global Express, the Global XRS and the Global 5000. The certification process was conducted by Business Jet Aircraft Completions (BJAC), based in Dorval, Quebec, Canada. Goodrich selected BJAC as a worldwide authorized sales and service center of Goodrich Electronic Flight Bag systems for business jet aircraft last year.

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AAR names D.J. Wetekam new Group VP of MRO segment

AAR reported that Donald J. Wetekam has been named Group Vice President of the Company’s Maintenance, Repair and Overhaul (MRO) segment. Wetekam previously served as President and General Manager of AAR’s Aircraft maintenance facility in Oklahoma City. As Group Vice President, Wetekam will oversee all of AAR’s MRO activities and be responsible for growing the Company’s domestic and international MRO business and expanding its offerings to government customers. In another move to strengthen and increase its MRO business, AAR has appointed Mickey Cohen Vice President, Commercial MRO Group, reporting to Wetekam. In this expanded role, Cohen will oversee all commercial Read more

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Iberia wins new contracts to maintain another 20 engines

Iberia has signed new exclusive contracts with Italian carriers Eurofly and Meridiana to maintain their CFM-56-5B engines at the Iberia Maintenance facilities in Madrid. The five-year contracts call for the maintenance of 20 CFM-56-5B engines, as well as their components, used to power eight Airbus A-320s and two Airbus A-319s. Meridiana was founded in 1963 to help develop the Costa Smeralda in Sardinia. Based in Olbia, it operates 62 flights to 30 destinations. Eurofly is another Italian company with flights to 18 destinations, including Fuerteventura and Tenerife Sur in the Canary Islands.

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Southwest Airlines reports fourth quarter earnings

Southwest Airlines reported its fourth quarter and full year 2007 results. Net income for fourth quarter 2007 was $111 million compared to $57 million for fourth quarter 2006. Excluding special items, fourth quarter 2007 net income was $87 million compared to $100 million in fourth quarter 2006. For the full year 2007 net income was $645 million compared to $499 million for 2006. Excluding special items, full year 2007 net income was $471 million compared to $578 million for full year 2006.

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BAE Systems Regional Aircraft and Ansett Aircraft Spares & Services plan long-term collaboration

In a joint announcement BAE Systems Regional Aircraft and Ansett Aircraft Spares & Services, as a first step to developing a long-term relationship, have signed an agreement under which Ansett will relocate its current operations and inventory at Heathrow to the BAE Systems facility at Weybridge, UK. Inventory includes spares for civil aircraft of all major commercial aircraft manufacturers. Additionally, Ansett has also purchased a substantial amount of surplus BAE 146/Avro RJ spares from Regional Aircraft to add to its existing inventory. This will enhance the Company

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Southwest Airlines bringing internet to the sky via satellite

Southwest Airlines will be the first US carrier to test satellite-delivered broadband Internet access on multiple aircraft. With this innovation, Southwest Customers with a wi-fi enabled device will have full access to the Internet including e-mail, music, shopping, and virtual private networks (VPN) via a high-speed connection. Southwest Airlines is partnering with Southern California-based Row 44 and hopes to begin testing Internet capabilities on four aircraft this summer.

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